1. Channel: Specialty & Other

Bed Bath & Beyond needs to sell $300 million in shares to avoid bankruptcy

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Bed Bath & Beyond’s shares are currently selling for 80 cents apiece. The retailer says it needs to raise $300 million in a stock sale to avoid filing for bankruptcy. Bed Bath & Beyond says it will repay its credit facility and buy merchandise to sell in its stores if it successfully raises the funds it needs.

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